FORA Capital LLC Takes $2.36 Million Position in Guidewire Software, Inc. $GWRE

FORA Capital LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,028 shares of the technology company’s stock, valued at approximately $2,361,000.

Several other hedge funds have also recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. bought a new position in Guidewire Software in the 1st quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of Guidewire Software in the first quarter worth $28,000. Rise Advisors LLC bought a new position in Guidewire Software during the first quarter worth $31,000. Westside Investment Management Inc. bought a new position in Guidewire Software during the second quarter worth $32,000. Finally, Brooklyn Investment Group raised its stake in Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after purchasing an additional 62 shares during the last quarter.

Guidewire Software Stock Up 0.3%

Shares of GWRE opened at $205.13 on Friday. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $225.34 and a two-hundred day moving average price of $228.75. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 195.36, a P/E/G ratio of 13.43 and a beta of 1.08. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. Equities analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GWRE shares. Raymond James Financial restated an “outperform” rating and issued a $275.00 price target (up from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Wells Fargo & Company lifted their target price on Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Stifel Nicolaus boosted their price target on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Robert W. Baird raised their price objective on Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $272.92.

Insider Activity

In other news, President John P. Mullen sold 15,869 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total value of $3,854,104.03. Following the sale, the president owned 158,958 shares of the company’s stock, valued at approximately $38,606,129.46. This represents a 9.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David Franklin Peterson sold 1,811 shares of Guidewire Software stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $439,837.57. Following the transaction, the chief accounting officer directly owned 14,164 shares of the company’s stock, valued at $3,440,010.68. This represents a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 112,342 shares of company stock valued at $27,043,386. 0.46% of the stock is owned by company insiders.

Guidewire Software Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.